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Ending months of speculation, Cummins Inc. will remain – and expand – in Memphis, according to state and company officials.

Cummins and the Tennessee Department of Economic and Community Development said the company would invest $6.7 million to expand its current parts and distribution center in Memphis, creating 70 new jobs in the process.

Romance means something different for everyone, but most people can agree that if there is low lighting, soft music, a charming companion and something delicious to eat, you’ve already got the makings of one outstanding evening.

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

One of the most vocal critics of payment-in-lieu-of-taxes economic development incentives – or PILOTs – says he intends to make them an issue in the 2015 Memphis elections.

Rev. Kenneth Whalum Jr. said his problem with the property tax abatements is the lack of disclosure about their details and how companies getting them have met the goals of creating jobs for Memphians.

Memphis and Shelby County are preparing to fight a border battle with Mississippi to keep hundreds of jobs inside the city.

The state of Mississippi is aggressively courting diesel engine manufacturer Cummins Inc. to move most of its Memphis operations south of the state line to DeSoto County, according to sources familiar with the effort.

Meghan K. McMahon has joined Glankler Brown PLLC as an associate, concentrating her practice in business and commercial litigation and intellectual property. McMahon previously worked in academic and membership affairs for the NCAA, and has experience with issues relating to NCAA compliance, sports and entertainment contracts, intellectual property.

Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.

Memphis area commercial real estate brokers were not only brought up to speed on the latest numbers and trends Thursday, Feb. 7, at the Memphis Area Association of Realtors Commercial Property Forecast Summit – they were also briefed on how to tweak their marketing strategy to recruit business by a former executive with the Federal Reserve.

Last year President Barack Obama announced an “all-hands-on-deck strategy” to train 10,000 new American engineers every year.

Local schools like the Memphis Academy of Science and Engineering, Christian Brothers University and University of Memphis continue striving to attract new students to their engineering programs to train the next generation of engineers.

The Greater Memphis Chamber will host “A Conversation With … Jack Truong” Friday, June 8, from 11:30 a.m. to 1 p.m. at Memphis Cook Convention Center, 255 N. Main St. The Electrolux president will provide an update on the company’s timeline, jobs and more. Cost is $35 for members and $40 for nonmembers. Contact Tunga Lee at tlee@memphischamber.com or 543-3571.

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

If America’s busted housing market is the ghost of recession past, then teenagers flipping burgers, selling clothes at the local mall or filling internships are in danger of becoming the ghosts of that downturn’s future.

The Greater Memphis Chamber has announced the end of its 2011 summer program, which will culminate in a reception and closing ceremony Wednesday, July 27.

The summer program, The Memphis Youth Career Development Program, is a partnership with the Greater Memphis Chamber and Cummins Inc. The eight-week session acquaints youth in the community with career opportunities. The comprehensive experience educates youth on the expectations and needs of work force and knowledge of emerging technology. MYCD offers a diverse group of staff serving as mentors, workshop leaders and business advisers.

WASHINGTON (AP) — The Bush administration's Justice Department's actions were inappropriately political, but not criminal, when it fired a U.S. attorney in 2006, prosecutors said Wednesday in closing a two-year investigation without filing charges.

The walls of a cinderblock city school classroom in East Memphis are hung with posters of John Coltrane, King Oliver, Otis Redding, Elvis Presley, Billie Holiday and a 78-inch interactive whiteboard called an ActivBoard.

WASHINGTON (AP) – Chrysler LLC filed for bankruptcy protection Thursday and will form an alliance with the Italian carmaker Fiat Group SpA in an effort to revive the U.S.’ ailing third-largest automaker.

Dr. Patrick Wilson has been named dean of the Graduate and Professional Studies program at Christian Brothers University.

Wilson will lead the marketing, recruitment and retention for evening undergraduate programs and graduate programs as well as have responsibility for the financial planning and administrative operations.

If Shelby County Mayor A C Wharton Jr. had any doubts about how small the business world has become, those doubts were dispelled when he went for his first Sunday Starbucks visit since returning from China last week.

A period of self-examination often accompanies the prospect of changing jobs, however frightening or thrilling - or a little of both - the opportunity seems. And it isn't difficult to imagine what might have run through the mind of architect Michael Walker when he recently left his job at the firm JBHM Architects.

In a generally favorable profile of former U.S. Sen. Fred Thompson that ran in the May 20 edition of The Washington Post, Liz Garrigan wrote that she once compared the lawmaker's appearance to that of the "Star Trek" character Worf.

Lately, his connection to Memphis has been the consulting work he's done in the city for a prominent agribusiness, U.S. Canadian Biofuels Inc., which is looking at building a large facility in the area.

The announcement in February that SunTrust Banks Inc. is clearing out of its 170,000-square-foot space in Downtown's One Commerce Square building - the second-tallest in the city - could be regarded as a setback for Downtown stakeholders.

When it opened with a bang in 1935, the parade of dignitaries, airplanes overhead and boats drifting along the Mississippi River no doubt made for quite a spectacle.

Today, something similar is occurring along Riverside Drive, which remains an upscale, well-maintained "front door" of the city some 70 years after its unveiling. Several real estate projects are bringing new townhomes, condominiums and streetscape improvements to the area.

Crye-Leike sold one of seven companywide franchises recently to Mississippi broker Kenneth L. Wilson, owner of Wilson Realty in New Albany, Miss. The new office,...

68. Archived Article: Memos - Wednesday, August 15, 2001 The Tennessee Human Rights Commission named officers for the next year: Dr The Tennessee Human Rights Commission named officers for the next year: Dr. Benjamin Hooks, chairman; the Rev. John Gilmore, vice chair for West Tennessee; Brad Hodge, vice c...

69. Archived Article: Cummins (lead) - Friday, February 16, 2001 Cummins Engine applies for tax freeze on $5 Cummins project would add 150 jobs By SUE PEASE The Daily News A tax freeze application for a $5.5 million project that will create 150 new jobs over the next three years will be considered by the Industri...

70. Archived Article: Memos - Wednesday, December 13, 2000 Dr Dr. Robert McDowell, associate professor in the University of Memphis Department of Communication, has garnered another national and state award for work on the Keep Tennessee Beautiful radio public service campaign. McDowell produced and did voi...

71. Archived Article: Memos - Wednesday, February 10, 1999 Promus Names New Development Ronald C. Muzii Jr. has been named vice president of development for Promus Vacation Resorts. Muzii was formerly president of Innovative Hospitality Group Inc. in Miami. He is a graduate of Cornell University. B. Ted Ham...

72. Archived Article: Market Focus - Monday, August 31, 1998 By STACEY PETSCHAUER Bringing home South Africa International Business Council promotes trade, investment opportunities for local businesses By STACEY PETSCHAUER The Daily News Exploring trade opportunities for Memphis businesses always is a hot ite...

73. Archived Article: Back - Tuesday, November 05, 1996 1996 growth exceeds previous year 1996 growth exceeds previous year The first three quarters of 1996 have been good overall for the Memphis economy, according to the latest figures compiled by the research department of the Memphis Area Chamber of C...

74. Archived Article: Per Capita Income - Tuesday, July 16, 1996 7/16 jts per capita income Per capita income up in Memphis, state 1990-1994 growth shows strong economy since recession By JAMES SNYDER The Daily News Good economic news these days, so the 1990s cliché goes, is bad for business. But good tidi...

75. Archived Article: Cummins Engine Chg - Monday, June 10, 1996 Building starts on offices Construction begins on office finishes for Cummins Engine Company plans July move to new facility on Quest Way By CAMILLE H. GAMBLE The Daily News Industrial Developments International has started construction on the final...

76. Archived Article: Industrial Chg - Wednesday, April 24, 1996 04-24 chg industrial Warehouse starts total 1.5 million square feet in first quarter 1996 By CAMILLE H. GAMBLE The Daily News Warehouse starts for the first quarter of 1996 for Shelby County totaled more than 1.46 million square feet, according to b...

77. Archived Article: Commercial Chg - Thursday, April 11, 1996 04-11 chg commercial Commercial construction, costs up in first quarter By CAMILLE H. GAMBLE The Daily News Commercial construction was strong for the first quarter of 1996 in Shelby County, with permits filed totaling more than $139 million in valu...